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BALEARIC ISLANDS

New-build apartments
on the Balearic Islands.

Apartments, penthouses and ground-floor homes with gardens, each with its units, payment plan and the full cost of buying.
IVA 10% + AJD 1.5% on new builds (Illes Balears)
AREASMallorcaIbizaTYPESApartmentsVillasTownhousesOff-plan
1 development
Example image: new-build apartments with terraces and a shared pool
Off-plan
Example listing

Palma, Mallorca · Balearic Islands

Palma Bay Residences

Seafront apartments on Palma's bay, ten minutes from the old town.

Bedrooms
2–3 beds
Built area
105–175 m²
Completion
Q2 2028
From €895,00030% at contract

Rental rules on the Balearic Islands

LETTING TO TOURISTS · BALEARIC ISLANDS

Register: Estancia turística en vivienda (ETV), by declaración responsable to the island council; tourist places are capped and must be acquired

  • A home generally needs five years of private residential use before it can be let to tourists, which rules out a new build at first.
  • New tourist places in apartment buildings are barred on all the islands (Decreto ley 4/2025).

Town halls add their own rules and change them often. Confirm with the town hall and the regional tourism department before you buy. Position as of 16 Oct 2026. Tourist licences region by region

EVERYWHERE IN SPAIN

  • In a building with a community of owners, a new tourist rental needs the community's express approval by three-fifths of owners and quotas (since 3 April 2025).
  • Long-term lets follow the LAU: for an individual landlord a tenant can stay up to five years, and the deposit is one month's rent.
  • Spain taxes rental income of non-residents at 19% (EU/EEA) or 24% (others) through IRNR.

Letting long term · Net rental yield